TravelPerk

Merge Expands Footprint in Europe, Facilitating Product Integrations for GDPR-Compliant Companies

Retrieved on: 
Tuesday, April 30, 2024
Networks, Data Management, Apps, Applications, Technology, Software, General Data Protection Regulation, Investment, GDPR, TravelPerk, ISO, Software as a service, SOC, HRIS, API, Organization

Data protection has been a top priority for European organizations since The General Data Protection Regulation (GDPR) took effect in 2018.

Key Points: 
  • Data protection has been a top priority for European organizations since The General Data Protection Regulation (GDPR) took effect in 2018.
  • As a result, Merge remains steadfast in prioritizing investments in security, product infrastructure, and support to assist European companies with their product integration needs.
  • Currently offering 200+ global integrations, Merge is focused on adding European providers as it continues to scale.
  • To learn more about Merge’s integrations for GDPR-compliant companies, visit: www.merge.dev/eu
    European companies can visit the Merge booth at Pendomonium’s Mind the Product in London on June 20th, Berlin on June 27th, and at SaaStock in Dublin on October 14th.

1 in 3 US Gen Z workers say business trips have helped them gain a promotion

Retrieved on: 
Tuesday, March 26, 2024
Millennials, Entrepreneurship, TravelPerk, Ageing, Travel, Mental health, Research, Generation Z, OnePoll, Gen, Work

But for those aged 18-24 years old, 35% say business travel has helped them gain promotions.

Key Points: 
  • But for those aged 18-24 years old, 35% say business travel has helped them gain promotions.
  • Compared to the 26% of millennials (aged 35-44 years old), it shows that business travel can be more beneficial for those starting out.
  • The main business travel opportunities for Gen Z are networking and meetings (39%), conferences and events (31%), research (29%), training and development (29%) and teambuilding and offsites (29%).
  • But for Gen Z, business travel is not just about professional development.

TravelPerk Secures over $100m in Funding Led by SoftBank Vision Fund 2 to Expand Hyper-Growth Business Travel Platform

Retrieved on: 
Tuesday, January 23, 2024
Other Travel, Software, Transportation, Travel, Vacation, Technology, Air, Transport, Entrepreneurship, TravelPerk, Series, Software as a service, Luigi, SoftBank Group, AI, SoftBank Vision Fund, Growth, Acceleration, Kinnevik AB, Investment, Automation, SMB, Retail

TravelPerk , the hyper-growth business travel management platform, today announces it has closed an additional $104m investment led by SoftBank Vision Fund 2 with significant participation from existing investors, including Kinnevik and Felix Capital.

Key Points: 
  • TravelPerk , the hyper-growth business travel management platform, today announces it has closed an additional $104m investment led by SoftBank Vision Fund 2 with significant participation from existing investors, including Kinnevik and Felix Capital.
  • Stephen Thorne, Investment Director for SoftBank Investment Advisers, will join the TravelPerk Board of Directors.
  • With this funding infusion, TravelPerk will increase investment into its platform, enhancing the customer experience through new inventory capabilities and launching new business travel services, as well as expanding product automation through AI.
  • Avi Meir, CEO and Co-Founder of TravelPerk, commented:
    “We have a clear focus: building the number 1 SaaS business travel platform for SMB and Mid-Tier companies in Europe and the US.

TravelPerk Secures over $100m in Funding Led by SoftBank Vision Fund 2 to Expand Hyper-Growth Business Travel Platform

Retrieved on: 
Tuesday, January 23, 2024
Other Travel, Software, Transportation, Finance, Travel, Vacation, Professional Services, Technology, Entrepreneurship, TravelPerk, Series, Software as a service, Luigi, SoftBank Group, AI, SoftBank Vision Fund, Growth, Acceleration, Kinnevik AB, Investment, Automation, SMB, Retail

TravelPerk , the hyper-growth business travel management platform, today announces it has closed an additional $104m investment led by SoftBank Vision Fund 2 with significant participation from existing investors, including Kinnevik and Felix Capital.

Key Points: 
  • TravelPerk , the hyper-growth business travel management platform, today announces it has closed an additional $104m investment led by SoftBank Vision Fund 2 with significant participation from existing investors, including Kinnevik and Felix Capital.
  • Stephen Thorne, Investment Director for SoftBank Investment Advisers will join the TravelPerk Board of Directors.
  • With this funding infusion, TravelPerk will increase investment into its platform, enhancing the customer experience through new inventory capabilities and launching new business travel services, as well as expanding product automation through AI.
  • Avi Meir, CEO and Co-Founder of TravelPerk, commented:
    “We have a clear focus: building the number 1 SaaS business travel platform for SMB and Mid-Tier companies in Europe and the US.

A Turbulent Year for Business Travel: 79% of Workers Experienced Travel Disruptions in 2023

Retrieved on: 
Thursday, November 16, 2023
Online, Weather, Organization, OnePoll, Ageing, Travel, Work, Aviation, TravelPerk, AI, Transport, Habit, Airline, Customer service, Tourism

LONDON, Nov. 16, 2023 (GLOBE NEWSWIRE) -- New data released by global travel management platform TravelPerk shows the scale of travel chaos experienced by companies and their jet-setting employees in 2023. A significant 79% of those traveling for work this year have reported being affected by disruptions during business trips, with 40% experiencing significant delays of more than one hour, while 24% had reservations canceled. Weather also disrupted 22% of business trips, and 20% of travelers say they were held up due to transportation strikes.

Key Points: 
  • Weather also disrupted 22% of business trips, and 20% of travelers say they were held up due to transportation strikes.
  • As a result of these disruptions, most (92%) have changed how they book and manage their work travel and are developing new habits designed to improve their travel experience in turbulent times.
  • The survey polled 4000 workers based in the UK, US, Germany and Spain who travel for business, to explore challenges facing business travelers and how they overcome them.
  • In response to travel disruptions, one in four (25%) of business travelers are now extending their trips to stay overnight, ensuring they get to where they need to be on time.

Airbase Expands Global Expense Management with AI Innovation

Retrieved on: 
Tuesday, November 14, 2023
Technology, Payments, Finance, Fintech, Accounting, Professional Services, Software, Internet, Artificial Intelligence, Organization, Expense, Comptroller, Expense management, Machine learning, TravelPerk, OCR, IDC, Environment, Travel, Sales, Air base

Airbase expense management frees employees and accounting teams from the time-consuming drudgery of manually submitting expense reports and processing reimbursements.

Key Points: 
  • Airbase expense management frees employees and accounting teams from the time-consuming drudgery of manually submitting expense reports and processing reimbursements.
  • For businesses that support global operations and remote workers, Airbase expense management helps ensure compliance and faster reimbursements to employee bank accounts globally.
  • “To solve the complex problems of global payments and expense compliance, we rely on the most advanced and trusted technologies.
  • Airbase AI-driven expense management experience: Airbase uses generative AI and machine learning to automatically extract the details of each receipt, including generating the expense reason and details in the memo field.

Bleisure Travel Trends Transforming Business Trips into Leisure Adventures, Predicts 8.9% CAGR by 2032 - ResearchAndMarkets.com

Retrieved on: 
Monday, October 2, 2023
Millennials, Professional Services, Business, Other Travel, Consumer, Generation X, Vacation, Destinations, Tourist Attractions, Travel, Bleisure travel, Leisure, Tourism, Health, Expedia Group, BCD Group, Government, TravelPerk, Interface (computing), Traction, Work, Porter's five forces analysis, Omega World Travel, Inc. v. Mummagraphics, Inc., Growth, Benchmarking, Mental health, Business travel, Retail

The global bleisure travel market, valued at $315.3 billion in 2022, is expected to experience substantial growth, reaching an estimated $731.4 billion by 2032, with a CAGR of 8.9% from 2023 to 2032.

Key Points: 
  • The global bleisure travel market, valued at $315.3 billion in 2022, is expected to experience substantial growth, reaching an estimated $731.4 billion by 2032, with a CAGR of 8.9% from 2023 to 2032.
  • This growth is driven by shifting boundaries between work and personal life, prompting business travelers to combine work-related trips with leisure experiences.
  • This has led to a rising trend in bleisure travel, where business travelers extend their trips to explore local culture, cuisine, and attractions.
  • While the term "bleisure travel" is relatively new, many business travelers have long incorporated leisure activities into their work-related trips.

Betterment Selects TravelPerk to Optimize Business Travel for U.S. Employees

Retrieved on: 
Tuesday, August 22, 2023
HR, Policy, Travel, Betterment, TravelPerk, Online shopping

BOSTON, Aug. 22, 2023 (GLOBE NEWSWIRE) -- TravelPerk, the fastest-growing global travel management platform, today announced that Betterment, the largest independent digital financial advisor in the U.S., has selected its business travel platform to manage travel for its U.S.-based employees.

Key Points: 
  • BOSTON, Aug. 22, 2023 (GLOBE NEWSWIRE) -- TravelPerk, the fastest-growing global travel management platform, today announced that Betterment, the largest independent digital financial advisor in the U.S., has selected its business travel platform to manage travel for its U.S.-based employees.
  • Prior to TravelPerk, employees booked their own travel out-of-pocket and got reimbursed later.
  • TravelPerk’s reporting insights tool and automated travel policy feature, helped the company to streamline travel management for its employees, keep track of spending and save time.
  • “As an innovator in the fintech space, Betterment has modernized its business travel for employees by eliminating the need for them to pay out-of-pocket,” said Jean-Christophe Taunay-Bucalo, CRO, TravelPerk.

Airbase and TravelPerk Partner to Enhance Travel Expense Management for Businesses

Retrieved on: 
Tuesday, June 27, 2023
Data Management, Accounting, Technology, Travel, Professional Services, Payments, Electronic Commerce, Software, Fintech, Other Travel, Finance, IDC, Policy, Immutable object, Partnership, Book, TravelPerk, Online shopping, Bookkeeping, Air base

Airbase , the leading software provider that helps companies procure, pay, and close their books with ease, and TravelPerk, the fastest-growing global travel management platform, today announced an integration that will enable businesses to seamlessly manage their travel expenditure with less effort.

Key Points: 
  • Airbase , the leading software provider that helps companies procure, pay, and close their books with ease, and TravelPerk, the fastest-growing global travel management platform, today announced an integration that will enable businesses to seamlessly manage their travel expenditure with less effort.
  • “We are excited to announce our collaboration with TravelPerk, a critical step in our quest to help companies manage all of their non-payroll spend,” said Airbase Founder and CEO, Thejo Kote.
  • “The fusion of Airbase’s spend management platform with TravelPerk’s travel inventory and travel policy controls provides businesses with an enhanced level of control over their business travel expenses.
  • Airbase and TravelPerk are poised to redefine business travel and expense management, showcasing the immense potential of an integrated solution.

TravelPerk Recognized with Top Industry Awards for Workplace and Travel Tech Innovation

Retrieved on: 
Thursday, June 1, 2023
Titan, Workplace, Travel, Transport, BPI, Culture, TravelPerk, Management, Newsweek

In addition, the company was featured as a “late stage” Travel Tech Titan , an award which honors game-changing startups and scale-ups that are redefining the future of travel and hospitality.

Key Points: 
  • In addition, the company was featured as a “late stage” Travel Tech Titan , an award which honors game-changing startups and scale-ups that are redefining the future of travel and hospitality.
  • “We’re honored to be recognized with two significant awards showing the broad spectrum of our achievements both internally, with employees, and externally, amidst peers,” said Avi Meir, co-founder and CEO, TravelPerk.
  • “These awards are a testament not only to our focus on the company’s best asset - our people - but also the team’s strong drive to be the most successful and innovative company in the travel tech industry.
  • The 18 winners were divided into early, mid and late stage winners, representing the full spectrum of the travel tech industry from back-end infrastructure and industry tools to tours, accommodation, and transportation.